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Nov 21, 2012
11/12
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we know there will be a lot of tax increases going into effect. americans are going to to be shocked and many things are going to trigger, expiration of the bush tax cuts or increases in affordable health care act and penalties. there are so many things that are going to trigger to increase taxes not only on individuals but businesses and certainly even upon state budgets. >> greta: what is overriding all of this, the reason we're going off the fiscal cliff is because a year and a half ago the congress and president and senate didn't do this work and pushed it up against a deadline. the reason you don't know what is happening with the state guidelines, they had a healthcare claw lau for two years. i know you are a member of congress but nobody is doing any work to get anything done. frankly if you don't know what the rules are, how can you set up the exchange on the promise they are going to do it right later and they don't have a history of doing things right? >> i don't think they're going to have the money to do it in the first place. we're in
we know there will be a lot of tax increases going into effect. americans are going to to be shocked and many things are going to trigger, expiration of the bush tax cuts or increases in affordable health care act and penalties. there are so many things that are going to trigger to increase taxes not only on individuals but businesses and certainly even upon state budgets. >> greta: what is overriding all of this, the reason we're going off the fiscal cliff is because a year and a half...
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Nov 28, 2012
11/12
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when he took tax tax reform. we have to have people who have done so well during this difficult time we've had. the richest of the rich have to pay a little bit more to solve financial problems in this country. [inaudible conversations] >> now the senate republican leader, mitch mcconnell. he also spoke to leaders of the c. in any event should include changes to entitlement programs. >> at afternoon, everyone. as we head into the fiscal cliff negotiations, my advice to the president with eocene friends on the other side have difficulty turning off the campaign. we need to sit down and work this matter out. i think we have a clear sense there is an opportunity at the end of the year to do something important for the country. we all know that the most critical steps to be taken are to save the entitlements, which are on an unsustainable path to bankruptcy. there's no better time to begin to fix that problem right now. so i would hope our friends on the other side can turn off the campaign and get into a cooperative
when he took tax tax reform. we have to have people who have done so well during this difficult time we've had. the richest of the rich have to pay a little bit more to solve financial problems in this country. [inaudible conversations] >> now the senate republican leader, mitch mcconnell. he also spoke to leaders of the c. in any event should include changes to entitlement programs. >> at afternoon, everyone. as we head into the fiscal cliff negotiations, my advice to the president...
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Nov 21, 2012
11/12
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the tax fight gets shorthanded as raising taxes on rich people. but the first $250,000 of income will be taxed the same as it is now. it stays the same. no additional taxes. no matter how much additional money you make beyond that threshold. you may pay a higher rate over $250,000, but purposely reducing your income to under a dollar, is hilarious. so consider had a public service announcement to people of means. or if you prefer, to moneyed americans. if somebody tries to reduce you to reducing your income on purpose to $249,999.99, if somebody tries to talk you into doing that, they are teasing you. it's a hoax to tease you for not understanding math and how taxes work. if you're not a person of money but you know such a person fallen into this trap, it's your choice to leave them floundering for your amusement while they purposely reduce their income to no rational effect. or you can do the right thing and help them understand how marginal tax rates work. class warfare is just a metaphor. somebody needs to tell "the new york times" to stop teas
the tax fight gets shorthanded as raising taxes on rich people. but the first $250,000 of income will be taxed the same as it is now. it stays the same. no additional taxes. no matter how much additional money you make beyond that threshold. you may pay a higher rate over $250,000, but purposely reducing your income to under a dollar, is hilarious. so consider had a public service announcement to people of means. or if you prefer, to moneyed americans. if somebody tries to reduce you to...
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Nov 26, 2012
11/12
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the use of tax havens to avoid paying taxes in this country is an outrage. we can end it. there's tens of billions of dollars a year involved in closing those kinds of offshore loopholes. >> i'm going to leave it there. senator levin, thank you for being here. hope you had a good holiday. >>> i want to turn to the republican side. peter king of new york. congressman, hope you had a good holiday. good to see you this morning. >> i had a great holiday, especially because notre dame beat southern cal. >> my poor step dad. he is not so happy this morning. >> i don't care about him. >> let me continue on the issue of taxes because this is important. and as i say, it's going to be the defining issue. you hear republican saxby chambliss say it's not going to govern what i do. norquist saying he promised the people of georgia that he would reform the government rather than raise taxes. where do you stand on the pledge? can this be overcome? with revenues be raised? >> first of all, i agree with chambliss. a pledge you signed 20 years ago, 18 years ago, is for that congress. for in
the use of tax havens to avoid paying taxes in this country is an outrage. we can end it. there's tens of billions of dollars a year involved in closing those kinds of offshore loopholes. >> i'm going to leave it there. senator levin, thank you for being here. hope you had a good holiday. >>> i want to turn to the republican side. peter king of new york. congressman, hope you had a good holiday. good to see you this morning. >> i had a great holiday, especially because...
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Nov 28, 2012
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so it's not like folks who make more than 250 aren't getting a tax break too, they are getting a tax break on the first 250 just like everybody else. families and small businesses would therefore be able to enjoy some piece of mind heading into christmas and heading into the new year. and it would give us more time than next year to work together on a comprehensive plan to bring down our deficits, to streamline our tax system, to do it in a balanced way, including asking the wealthist americans to pay a little more so we can still invest in things like education, and training and science and research research. i know some of this may sound familiar to you because we talked a lot about this during campaign. this shouldn't be a surprise to anybody. this was a major debate in the presidential campaign and in congressional campaigns all across the country, and a clear majority of americans, not just democrats, but also a lot of republicans and a lot of independents agreed we should have a balanced approach to deficit reduction that doesn't hurt the economy and doesn't hurt middle class f
so it's not like folks who make more than 250 aren't getting a tax break too, they are getting a tax break on the first 250 just like everybody else. families and small businesses would therefore be able to enjoy some piece of mind heading into christmas and heading into the new year. and it would give us more time than next year to work together on a comprehensive plan to bring down our deficits, to streamline our tax system, to do it in a balanced way, including asking the wealthist americans...
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Nov 28, 2012
11/12
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she says the money raised from the tax can go to support youth education and health programs. voters in richmond overwhelmingly rejected measures and which would have placed a one cent tax on every soda sold. >>> okay. when we come back, barry bonds, the baseball giant back in headlines. >>> okay. let the debate begin. is he in or is he out? major league baseball announced that the all-time home run leader, also a bay area native, barry bonds is on the 2013 hall of fame ballot. and it stirred up a little bit of controversy. >> yeah, for a lot of years, fans have been arguing whether barry bonds, and sammy sosa actually belong on that hall of fame. it's well-known that former giants slugger along with sosa and clements, they've had their careers tainted by steroids or performance-enhancing drugs. so far, no one tied with the steroids era has received enough votes for the hall of fame. but bonds should be a test for the association and a stamp on players who are presumed guilty of steroids. >> bonds is not only the all-time home run leader, but a record seven-time mvp. the much
she says the money raised from the tax can go to support youth education and health programs. voters in richmond overwhelmingly rejected measures and which would have placed a one cent tax on every soda sold. >>> okay. when we come back, barry bonds, the baseball giant back in headlines. >>> okay. let the debate begin. is he in or is he out? major league baseball announced that the all-time home run leader, also a bay area native, barry bonds is on the 2013 hall of fame...
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Nov 29, 2012
11/12
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taxes $115 million to the government. state taxes to the government side. bottom line is the government and the lottery administration get $806 million >> kimberly: that is why they do it. >> bob: a lot goes to education and if you republicans wouldn't keep cutting it we would haven't to have lotteries. >> dana: that is not true. that is not the way it works. governments have become enslaved to lotteries. i don't think it's a good idea for several reasons. just like i don't like casino gambling or the gambling boats and things because it ends up being a tax on everybody but certainly the poorest among us who try to win, they spend a lot of their earnings to try to win these things. they can spend their money however they want but i think it's a tax on people. >> eric: along those lines, buying a soda. you pay sales tax on it. >> dana: but i'm not going to win anything. unless there is a contest. >> kimberly: clothes or cars. >> brian: if you get a dr. pepper you could -- >> dana: if you buy a soda you get immediate gratification. you open it and drink it. i
taxes $115 million to the government. state taxes to the government side. bottom line is the government and the lottery administration get $806 million >> kimberly: that is why they do it. >> bob: a lot goes to education and if you republicans wouldn't keep cutting it we would haven't to have lotteries. >> dana: that is not true. that is not the way it works. governments have become enslaved to lotteries. i don't think it's a good idea for several reasons. just like i don't...
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Nov 26, 2012
11/12
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todayself republica selveral red away from a pledge banning tax increases. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, and republicans should put revenue on the table. i want to cut rates to create jobs, but i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> i agree with saxby chambliss. a pledge you signed 20 years ago, 18 years ago is for that congress. if i were in congress in 1941 i would have signed -- supported a declaration of war against japan. i'm not going to attack japan today. the world has changed. >> does it mean we might be closer to a fiscal cliff compromise? athena jones takes a closer look. >> reporter: that's, of course, the big question here. we know in the meeting the president had with lawmakers the friday before thanksgiving there was a lot of positive talk coming out of that with leaders on both sides saying the meeting was constructive, that lawmakers understood their responsibilities, and that they were going to work to
todayself republica selveral red away from a pledge banning tax increases. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, and republicans should put revenue on the table. i want to cut rates to create jobs, but i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> i agree with saxby chambliss. a pledge you signed 20 years ago, 18 years ago is for...
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Nov 28, 2012
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class americans what will happen if your taxes go up. thousands responded. some will tell their stories at the white house today. as small business own erbs did tuesday. >> we urged the president -- was to keep the middle class tax cuts. >> small business want certainty so they can plan, look at how we move forward. >> they very much want consumers out there knowing what they're going to have money in their pockets. >> reporter: the white house argues this is not a pr campaign. >> it does not i think, you know, make a lot of sense to simply say never mind the american people and small business leaders. you know, cut them out of the process. >> reporter: republicans say the president needs to get to work behind the scenes. >> i would hope our friends on the other side can turn off the campaign and get into a cooperative mode here to reach a conclusion. >> there's been little progress which is disappointing to me. >> reporter: the party wants low tax rates but is willing t consider new revenue. democrats say medicare's on the table. the qu
class americans what will happen if your taxes go up. thousands responded. some will tell their stories at the white house today. as small business own erbs did tuesday. >> we urged the president -- was to keep the middle class tax cuts. >> small business want certainty so they can plan, look at how we move forward. >> they very much want consumers out there knowing what they're going to have money in their pockets. >> reporter: the white house argues this is not a pr...
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Nov 21, 2012
11/12
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there would be an average tax increase of $3,500 per household, and 88% of households will see taxes rise, 88%. kansas republican is on the house budget committee and he joins us for more. thanks for joining us first of all. >> good morning. heather: going over the cliff it will affect different households in different ways depending on income, marital status, number of children, and other things. i want to start with tpwh-bg level. low-income households will be hit the hardest. why? >> well, there are many credits that were in the bush obama tax cuts, those expire and it will impact literally as you mention tens of millions are americans are going to be impacted. what we hear out of the white house, it's mainly top income earners but that is far from the facts. this will have a devastating impact for many people. for the holiday season it could be a devastating blow to the economy as well. heather: something else i found interesting when i was looking through the stats, a married couple making between 20 to 30,000 a year will go from receiving on average a $15 tax credit to owing ov
there would be an average tax increase of $3,500 per household, and 88% of households will see taxes rise, 88%. kansas republican is on the house budget committee and he joins us for more. thanks for joining us first of all. >> good morning. heather: going over the cliff it will affect different households in different ways depending on income, marital status, number of children, and other things. i want to start with tpwh-bg level. low-income households will be hit the hardest. why?...
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Nov 23, 2012
11/12
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for us to be concerned about the potential for estate tax problems moving forward. >> greta: thank you for being with us tonight. go to gretawire.com and let us know what yo anticipated. that would be me making the final appearance. >> hello everyone, happy thanksgiving. and i'm andrea tan tareatearos, happy turkey day. the five of us are honored to be celebrating you. many of you traveled a long way to stay with loved ones. i hit the streets to talk to people to see if they were looking forward to going home for the holidays. ♪ like home, nowhere quite like home ♪ >> family time is coming up, the holidays, are you looking forward to seeing your family. >> i do, i look forward to seeing them. >> are you lying? >> no, i'm not. >> are is there any family members you're the not looking forward to see? >> i think i'm smart enough not to answer that question. >> there's always one in every family. >> we have a very close knit family and enjoy each other, i can't say that. >> my brother and i argue over stuffing, a little of that. >> sometimes things happen that are a little tense. >> th
for us to be concerned about the potential for estate tax problems moving forward. >> greta: thank you for being with us tonight. go to gretawire.com and let us know what yo anticipated. that would be me making the final appearance. >> hello everyone, happy thanksgiving. and i'm andrea tan tareatearos, happy turkey day. the five of us are honored to be celebrating you. many of you traveled a long way to stay with loved ones. i hit the streets to talk to people to see if they were...
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Nov 26, 2012
11/12
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republicans are resisting the idea that inleasing tax rates on the wealthy will steer the country away from the fiscal cliff even though suspects insist it will. >> i would be very much opposed to raising tax rates, but i believe that we can close a lot of lop holes. >> they have to go up, real or effective tax rates, there are ways of doing this and secondly, we have to gross loopholes. >> lindsey graham is okay with new revenue and willing to cap deductions to get it, but only if democrats agree to reform entitlements like social security and medicare. >> i don't expect the democrats to go for premium ouci do expect them to adjust these entitlement programs before they bankrupt the company. some entilement reform is okay with illinois democratic senator dig durbin, but thinks that social security should be left alone. >> social security does not add one penny to our debt. not a penny. it's a separate funded operation and we can do things and i believe we should, smaller things played out long-term that give it solvency. >> and congressman peter king says nobody will get all they want
republicans are resisting the idea that inleasing tax rates on the wealthy will steer the country away from the fiscal cliff even though suspects insist it will. >> i would be very much opposed to raising tax rates, but i believe that we can close a lot of lop holes. >> they have to go up, real or effective tax rates, there are ways of doing this and secondly, we have to gross loopholes. >> lindsey graham is okay with new revenue and willing to cap deductions to get it, but...
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Nov 21, 2012
11/12
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cuts but the alternative minimum tax, talking about payroll taxes. we're talking with about the fix. so there are several things that would hit taxpayers. what the president has proposed and what i support is reducing taxes on 98% of the u.s. public and that is reducing taxes -- or keeping the tax cut in place for those who make less than $250,000. you know and i know that what tends to happen in these situations is at the last minute things get resolved. i don't think they will be resolved as big as tax reform, but i do believe we will resolve it and will not have to result in the united states going over the fiscal cliff. i think it would send a very dangerous significaal around th world, but it would also compromise our economy. >> and, quickly, there's a lot of speculation about what type of deal, what the deal will actually look like, talks perhaps coming to an agreement to have a mechanism in place that would have sizable deficit reduction and have sizable entitlement reform in 2013, a little bit now, a lot later. do you think it's possible in
cuts but the alternative minimum tax, talking about payroll taxes. we're talking with about the fix. so there are several things that would hit taxpayers. what the president has proposed and what i support is reducing taxes on 98% of the u.s. public and that is reducing taxes -- or keeping the tax cut in place for those who make less than $250,000. you know and i know that what tends to happen in these situations is at the last minute things get resolved. i don't think they will be resolved as...
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Nov 27, 2012
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he created 10% tax rate and took lower income people off the tax roles. because of it, the rich are making more and paying more in taxes. before reagan took office. the bottom 50 paid 7%. the top 50 paid 90. now the top 50 pay 98%. the bottom 50 only pay two. >> bob: what do the top 5% pay? >> andrea: over 80%. 90%? >> bob: are you not embarrassed defend this? >> dana: embarrassed that the policy is so bad and you defend it and you act it will be a great savior and you know it's not. >> bob: i'm getting rap for people making half a billion snore if you do, what president obama is suggesting, raise taxes on the 250 and above you come up with 82 to $83 billion. >> bob: take in account the spending cuts that come in to that. >> dana: what spending cuts? show us. i would love to see any spending cuts. i'll believe it when i see it. >> brian: i think we have to give credit to producers of this world and not vilify them. we have to do what will allow them to grow the economy. to hire more people. >> eric: online for this -- >> brian: leave it there. >> eric: co
he created 10% tax rate and took lower income people off the tax roles. because of it, the rich are making more and paying more in taxes. before reagan took office. the bottom 50 paid 7%. the top 50 paid 90. now the top 50 pay 98%. the bottom 50 only pay two. >> bob: what do the top 5% pay? >> andrea: over 80%. 90%? >> bob: are you not embarrassed defend this? >> dana: embarrassed that the policy is so bad and you defend it and you act it will be a great savior and you...
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Nov 24, 2012
11/12
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tax giving tax cuts to people --out melissa: talking about raising a taxes, i agreegr with you. we have to have people investing, buying, so raising taxes on anyone is then super i crazy. >> yeah, buts if you take tax increases on people spendingss less because they already got af whole bunch of money and investing in ways to get people who do not have as much to spend more, that's efficient. that makes sense. go ahead.ney. melissa: rich people spend a lot of money. >> they have the money, they are spending it.they they will not spend less because they have a marginal tax rate increase. it's not like all the sudden, you know, bloomberg or romney says we can't go to dinner next week. they will still spend money. it's a matter of saying how doho we get people who are not at that level to have conditions where th can spend. melissa: in the 80s, they lower tax rates issue and revenues go up, and revenues, 1981 to 1988, from $599 billion to $909 # billion. i'm just saying if the problem's revenue and you want more money in treasury, there seems that's a period of time we did it ti de
tax giving tax cuts to people --out melissa: talking about raising a taxes, i agreegr with you. we have to have people investing, buying, so raising taxes on anyone is then super i crazy. >> yeah, buts if you take tax increases on people spendingss less because they already got af whole bunch of money and investing in ways to get people who do not have as much to spend more, that's efficient. that makes sense. go ahead.ney. melissa: rich people spend a lot of money. >> they have the...
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Nov 27, 2012
11/12
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no new taxes pledge. you said earlier in your career, you told cbs morning news earlier today and i'm quoting now, you said you're not obligated on the pledge adding the only thing that i'm honoring is the oath that i take when i'm sworn in this january. so what exactly did you mean by that? did you suggest, did you mean that under certain circumstances you'd be ready to accept an increase in tax rates for the wealthy? >> well, i was just elected, as you know, re-elected, and our campaign materials during the campaign spelled out that the only pledge i would be honoring would be the pledge of the oath of office that you make when you're sworn in. that's what my comments meant. look, i think republicans have shown a willingness to look at revenues as long as we have entitlement reform. those are the two ends of the spectrum, wolf. it appears that speaker boehner has been shown flexibility on revenues and the president on sbimgtsmentes. the point of my op-ed this morning in the "washington post," is look, i
no new taxes pledge. you said earlier in your career, you told cbs morning news earlier today and i'm quoting now, you said you're not obligated on the pledge adding the only thing that i'm honoring is the oath that i take when i'm sworn in this january. so what exactly did you mean by that? did you suggest, did you mean that under certain circumstances you'd be ready to accept an increase in tax rates for the wealthy? >> well, i was just elected, as you know, re-elected, and our campaign...
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Nov 21, 2012
11/12
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they would reject $10 of spending cuts for every $1 of tax increases. why? because they didn't want to face condemnation from the media hosts you're now addressing the following day. >> and it's just like -- i'll say this again. they used to say -- i won't use the bad word, but the old days in the south, you couldn't win unless you were the furthest out of the most segregationist line. if anybody went soft on the race issue, even slightly on civil rights, you were finished. the only way you won was go hard right and become the ultimate segregationist, and that held the south back for decades. anyway, thank you, michael and ron reagan. have a nice holiday. >>> up next, the best and worst campaign commercials of the 2012 campaign coming up. it's kind of interesting. forgot a lot of these. this is "hardball," the place for politics. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your por
they would reject $10 of spending cuts for every $1 of tax increases. why? because they didn't want to face condemnation from the media hosts you're now addressing the following day. >> and it's just like -- i'll say this again. they used to say -- i won't use the bad word, but the old days in the south, you couldn't win unless you were the furthest out of the most segregationist line. if anybody went soft on the race issue, even slightly on civil rights, you were finished. the only way...
SFGTV: San Francisco Government Television
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Nov 27, 2012
11/12
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has been a long, drawn-out process and i applaud the patience you have exhibited in listening to the tax task force and listening to members of public and we move forward from here. >> thank you for saying that. is there a motion to adopt decision point 8, the san francisco sunshine ordinance regulations as amended by the commission at this meeting? >> so moved. >> second. >> all in favor? >> aye. >> opposed? hearing none, it passes. and once again, a great deal of thanks to the public, the task force, and a great deal of thanks to the staff for handling this. it's been a difficult process. i know firsthand how much work you all have put into it. you can tell how long it's been when your constantly having to remind us what we had talked about and decided at previous meetings, which i am sure is frustrating for you, but appreciated by us. so thank you for your hard work. the next item on the agenda is discussion and possible action regarding amendments to cfro. first let me check with the commissioners, are we okay going forward? does anybody need a short break? >> fine. >> fine. >> mr. s
has been a long, drawn-out process and i applaud the patience you have exhibited in listening to the tax task force and listening to members of public and we move forward from here. >> thank you for saying that. is there a motion to adopt decision point 8, the san francisco sunshine ordinance regulations as amended by the commission at this meeting? >> so moved. >> second. >> all in favor? >> aye. >> opposed? hearing none, it passes. and once again, a great...
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Nov 25, 2012
11/12
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, you know, this means pushing back on policies that mean massive spending on highways with general tax revenues. i mean, president obama's the most urban president we've had since ted key roosevelt in many -- teddy roosevelt in many ways. the latest highway bill, we had a mass infusion of general revenues instead of gas taxes to pay for drivers. i have no idea why we are bribing people to drive long distances. i believe that people should be free to drive if they pay for the social costs of their actions. but we shouldn't be bribing them to do this. we shouldn't be engaging in social engineering that uses federal tax policy to massively subsidize people to move out of urban apartments to buy someone urban homes which leverages them to the hilt which also bribes them to build larger homes. i'm a homeowner myself, but i think having the current home mortgage interest deduction and the other things like fannie and freddie that subsidize that is crazy. we should slowly ratchet back that by $100,000 a year, and most of all, we should have even more commitment to urban schools. i would like
, you know, this means pushing back on policies that mean massive spending on highways with general tax revenues. i mean, president obama's the most urban president we've had since ted key roosevelt in many -- teddy roosevelt in many ways. the latest highway bill, we had a mass infusion of general revenues instead of gas taxes to pay for drivers. i have no idea why we are bribing people to drive long distances. i believe that people should be free to drive if they pay for the social costs of...
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Nov 29, 2012
11/12
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on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to build our country. >> mr. prince, republicans claim that the president's plan is bad for small business. why do you think they are wrong? >> let me tell you. the president's plans so far have helped my business. from 2008 to 2011, things were very flat. sales were flat or even down. as the stimulus started to kick in, we started seeing month to month, every month sense late 2010, our sales go up. it is consumers having more can have dense, having more money. obama care was huge. i provide health insurance for all my employees. the aca is underwriting small businesses doing that helped me absorb a huge increase because i have a couple of folks who work for me who are going through some illness problems. >> lee saunders, your members of afscme, will be financially hurt if we go over the
on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to build our country. >> mr. prince, republicans claim that the president's plan is bad for small business. why do you think they are wrong? >> let me tell you. the president's plans so far have helped my business. from 2008 to 2011, things were...
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Nov 22, 2012
11/12
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tax credit for low-income families, the payroll tax cut, that's just a few of them out there. what would the tax hikes mean for the average american? i mean, the economic impact, would that be felt immediately? >> obviously there's going to be a big impact here. when you total all the cuts set to expire, the tax hike is something like $400 million. they will not hit the same people but it is a hefty number. this is certainly something the average american would feel a whole lot at home. and to your point earlier, i think it would be interesting as there doesn't seem like there's a whole lot of movement. it is not clear how to get past the log-jam we have now where it doesn't seem anyone is willing to put anything on the table that will actually lead to a conclusion in this. there's a lot of back and forth but no real movement going on at the moment. >> bob, do you think it will be what we have seen so many times on capitol hill, which is pushing this to the 11th hour-plus and they get something done because of pressure? do you think that will happen? >> sure. i think that's be
tax credit for low-income families, the payroll tax cut, that's just a few of them out there. what would the tax hikes mean for the average american? i mean, the economic impact, would that be felt immediately? >> obviously there's going to be a big impact here. when you total all the cuts set to expire, the tax hike is something like $400 million. they will not hit the same people but it is a hefty number. this is certainly something the average american would feel a whole lot at home....
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Nov 27, 2012
11/12
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the payroll tax cut. will that go away, because, again, it was temporary ones, temporary twice and it will still be a higher tax. >> im so glad you brought up the amt. nobody has really been focusing on this. that would be bigger than even extending the bush tax cuts. you are talking about $2 trillion in additional taxes on americans over the next decade if we do not fix this thing. of course, it is because they have not indexed this for inflation. it reverts to the level it was in 1993 where the level would only be about $45,000. think about this. when you mention those 30 million americans, those are rich people. those are people earning 100-150,000 dollars. they will let the payroll tax rise back to where it was before they temporarily suspended it. dagen: do you think, though, bottom line, we will get higher tax rates on wealthier americans? >> it really depends on the president. the republicans have put a pretty fair deal on the table. they are willing to put a cap on deductions. a lot of conservativ
the payroll tax cut. will that go away, because, again, it was temporary ones, temporary twice and it will still be a higher tax. >> im so glad you brought up the amt. nobody has really been focusing on this. that would be bigger than even extending the bush tax cuts. you are talking about $2 trillion in additional taxes on americans over the next decade if we do not fix this thing. of course, it is because they have not indexed this for inflation. it reverts to the level it was in 1993...
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Nov 26, 2012
11/12
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and if this fiscal cliff is allowed to happen on january 1, your taxes, my taxes, everybody's taxes go up. and on that point, let's continue. top of the hour, i'm brooke baldwin. i want to begin with the fiscal cliff. because other news here, you have republican senator saxby chambliss, a two-term conservative from the red state south, but just this past weekend, the tea party nation website labeled him, i'm quoting, worthless and a liar. what did he say to deserve these words? he said he's willing to break the no tax pledge that he made when he first ran for office. and guess what? now he has company. fellow republican senators lindsey graham and bob corker say that under the right circumstances, they too are willing to break ranks. what is the republican world coming to? john avalon, straight to you, cnn contributor, writer for daily beast newsweek. i want to get your reaction to the news we heard from jay carney, we now know the president has spoken by phone over the weekend with boehner and mcconnell. might this be progress? >> yes, it might be progress. that's a good thing. you go
and if this fiscal cliff is allowed to happen on january 1, your taxes, my taxes, everybody's taxes go up. and on that point, let's continue. top of the hour, i'm brooke baldwin. i want to begin with the fiscal cliff. because other news here, you have republican senator saxby chambliss, a two-term conservative from the red state south, but just this past weekend, the tea party nation website labeled him, i'm quoting, worthless and a liar. what did he say to deserve these words? he said he's...
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Nov 27, 2012
11/12
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i don't think taxes -- i don't want to vote to raise taxes. even if it's tort reform, whatever the issue happens to be, be very careful. do not sign anything. do not give away your power. because -- >> it's not the plan. it's the primary. if you were running today, wouldn't you be worried about the primary the same way bob bennett, dick lugar? the list is on and on. >> the issues are so complex. it's like nuclear proliferation, abortion, abortion 50 times in congress on issues related to abortion, medicaid, obviously. partial birth. bypass. i can't literally take these huge, complex issues and have a pledge that covers everything. >> i want to actually go now to the other side of the equation which is on the one hand we're going to have the grover norquist pledge is the shiny metal object. we're in two weeks of doing -- we're all going to run in place until the smell of the jet fuel from national airport starts making its way down to congress and they realize, oh, wait. >> and have a deal this week. there's that option, too. >> get done for th
i don't think taxes -- i don't want to vote to raise taxes. even if it's tort reform, whatever the issue happens to be, be very careful. do not sign anything. do not give away your power. because -- >> it's not the plan. it's the primary. if you were running today, wouldn't you be worried about the primary the same way bob bennett, dick lugar? the list is on and on. >> the issues are so complex. it's like nuclear proliferation, abortion, abortion 50 times in congress on issues...
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Nov 22, 2012
11/12
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and comes as the advanced cliff and tax deductions for charitable giving and take a look at that. and black friday shopping, starts in hours. some are having a jump on the traditi traditional season and one is wal-mart, embroiled in an issue. we'll have a live report on that. and special report starts at 6 eastern. for now we'll take you back to "the five." ♪ ♪ don't know much about history ♪ ♪ don't know much biology >> are you ready? >> oh, anyway, don't know much about history? apparently not. you're not alone. dave mccollough, one of the greatest historians thinks we're on the path to illiteracy. >> we're raising children that are by and large historically illiterate. a young woman came up to me and said that until she'd heard me speak she never understood that the original 13 colonies were on the east coast and i thought, what are we doing that's so wrong, so pathetic. it's not their fault. it's our fault. when i say our fault, i don't mean just the parents and grandparents, we have to take part. >> well, here is a fact, and just one here, less than 20% of american st
and comes as the advanced cliff and tax deductions for charitable giving and take a look at that. and black friday shopping, starts in hours. some are having a jump on the traditi traditional season and one is wal-mart, embroiled in an issue. we'll have a live report on that. and special report starts at 6 eastern. for now we'll take you back to "the five." ♪ ♪ don't know much about history ♪ ♪ don't know much biology >> are you ready? >> oh, anyway, don't know...
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Nov 26, 2012
11/12
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CNBC
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not tax rates but revenue. here's two senators in interviews over the last two days. >> i agree we shouldn't raise rates but i think grover is wrong whether it comes to we can't cap deductions and buy down debt. what do you do with the money? i want to buy down debt and cut rates to create jobs but i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> i'm not obligated on the pledge. i made tennesseens aware. i was just elected. i made aware the only thing i'm honoring is the oath i take when i'm sworn in this january. >> both of these senators are saying they aren't going to be browned by grover norquist from americans for tax reform. this is an issue bigger than norquist. the republican party has positioned itself as the smaller government, anti-tax party. but they've lost an election and it appears that republicans in the senate will see about the house, already to give some ground. >> john, thank you. that's good news. looks like at least
not tax rates but revenue. here's two senators in interviews over the last two days. >> i agree we shouldn't raise rates but i think grover is wrong whether it comes to we can't cap deductions and buy down debt. what do you do with the money? i want to buy down debt and cut rates to create jobs but i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> i'm not obligated on the pledge. i made tennesseens aware. i was...
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Nov 28, 2012
11/12
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i've got a long track record of not only holding the line on taxes but reducing taxes. and i believe that we have too much -- at the national level, too much taxation, too much regulation but, no, i did not sign the pledge. >> let me ask you about the idea that revenues are on the table as the speaker has said. i'm curious what that really means. does that signal a willingness on the part of the gop to see some people's taxes go up, or does it mean that the revenue increases will derive from economic growth and -- >> speaker boehner and republicans are reaching out to the administration. speaker boehner has said we'll put revenue on the table, not through higher tax rates but through closing loopholes and limiting deductions. that accomplishes exactly what the administration has demanded. >> but that means somebody's taxes will go up. >> sure. >> if you close loopholes an deductions. >> we'll make sure rates don't go up so you don't impact small businesses or middle class americans who obviously are struggling to get going and get back to work and get our economy going.
i've got a long track record of not only holding the line on taxes but reducing taxes. and i believe that we have too much -- at the national level, too much taxation, too much regulation but, no, i did not sign the pledge. >> let me ask you about the idea that revenues are on the table as the speaker has said. i'm curious what that really means. does that signal a willingness on the part of the gop to see some people's taxes go up, or does it mean that the revenue increases will derive...
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Nov 24, 2012
11/12
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FBC
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we will not see it unless we raise taxes. >> of course, you don't get growth if you raise tax rates. california and other states the top rate is approaching 50% of business has as much incentive to fire somebody to get a lower cost than to hire somebody to create revenue. hik experi extemporaneous experimentment, california bringing tax levels will we see california aztek merionthe a the coal mine when it comes3 to economic growth in the an ability to support thefleein ever-growing government? >> it is a microcosm what happens to countries that raise their tax rates and entrepreneurs we and welfared recipients come in and there is the unsustainable state of affairs. need while they destroy silicon valley with ultimately our potential. angling foer that everybody is singling for green subsidies and it is a tragedy. >> and the money that hasby this been spent as venture money like solyndra has beendisastrou. disastrous. >> they are a stultifying to dea turn people into a than him uppt blubbering idiot t. >> he now wants us to support him rather than support the country. lou: he is bein
we will not see it unless we raise taxes. >> of course, you don't get growth if you raise tax rates. california and other states the top rate is approaching 50% of business has as much incentive to fire somebody to get a lower cost than to hire somebody to create revenue. hik experi extemporaneous experimentment, california bringing tax levels will we see california aztek merionthe a the coal mine when it comes3 to economic growth in the an ability to support thefleein ever-growing...
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Nov 29, 2012
11/12
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KGO
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will lawmakers send americans off the fiscal cliff with a huge tax increase? the president asks middle class people to help make his case for action. >>> triple threat. three big storms, one after the other, about to pound the west coast. >>> and, made in america. do you want to make a difference, creating american jobs? david muir tonight shows us how to do it together for a happy holiday. >> we're in! >> we're in! >>> good evening. right now, millions and millions of americans are lining up to take a chance on a giant dream. a powerball ticket that could be worth more than half a billion dollars. the biggest in its history. the drawing is tonight. and some people have been willing to wait 2 1/2 hours in the long lines in arizona, while coast to coast, tickets are flying across the counters, 130,000 sold every minute. and that adds up to 7 million tickets sold every hour. so, we asked abc's steve osunsami to make his way into the vault where the lottery balls are kept under lock and key and tell us about all the americans hoping tonight is their night. >> rep
will lawmakers send americans off the fiscal cliff with a huge tax increase? the president asks middle class people to help make his case for action. >>> triple threat. three big storms, one after the other, about to pound the west coast. >>> and, made in america. do you want to make a difference, creating american jobs? david muir tonight shows us how to do it together for a happy holiday. >> we're in! >> we're in! >>> good evening. right now, millions...
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Nov 27, 2012
11/12
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they don't want to raise taxes on the wealthiest in this country. this they want to maintain the tax breaks from the bush era for everybody or nobody. here we are. you've identified where your sacred areas are. they've got theirs. that's what i'm asking. where's the middle ground in all of this? >> well, the middle ground is a fair share. by putting the benefit programs on the table, social security, medicare, medicaid, as being the source for the deficit and the only way to reduce that and the only way to balance this, i think is wrong when there is no significant revenue. not just gestures and token appeals about tax deductions and other areas but a significant restructuring of that code to bring us back in line the way that we were under clinton. >> representative, as we're talking, the market is selling off once again. every time members of congress come on -- and i've got to tell you, sir, i think you're contributing to the fears that we're going off the fiscal cliff, because it doesn't sound like there's any compromise in what you're saying. d
they don't want to raise taxes on the wealthiest in this country. this they want to maintain the tax breaks from the bush era for everybody or nobody. here we are. you've identified where your sacred areas are. they've got theirs. that's what i'm asking. where's the middle ground in all of this? >> well, the middle ground is a fair share. by putting the benefit programs on the table, social security, medicare, medicaid, as being the source for the deficit and the only way to reduce that...
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Nov 27, 2012
11/12
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europe is raising taxes. japan is raising taxes and it is a disaster. we don't need a weak economy being burdened with this type of stuff. bill: steve forbes. thank you. got a question at home. hemmer at foxnews.com. twitter at bill hemmer. bya, because you asked. as he pointed out there are so many issues to tackle how do you get it done in 35 days? martha: look to europe and japan where they raised taxes. doesn't seem to be helping them. chris van hollen is coming up and what he thinks about all that as we try to avoid the fiscal cliff just days away. republican republicans are willing to talk tax reform but will democrats budge on issue of entitlements. we'll talk to chris van hollen. is that snow on the capitol dome? bill: i think you're right. martha: a little bit of snow, or a funky monitor. this fisherman was stranded at sea. how a small piece of plastic helped to save his life. bill: so the fisherman survives a harrowing ordeal at sea with help of one simple piece of plastic. rescuers pulling the man from the water off-key biscayne in florida af
europe is raising taxes. japan is raising taxes and it is a disaster. we don't need a weak economy being burdened with this type of stuff. bill: steve forbes. thank you. got a question at home. hemmer at foxnews.com. twitter at bill hemmer. bya, because you asked. as he pointed out there are so many issues to tackle how do you get it done in 35 days? martha: look to europe and japan where they raised taxes. doesn't seem to be helping them. chris van hollen is coming up and what he thinks about...
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Nov 21, 2012
11/12
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i mentioned the tax issues. >> the tax issues people have shown that they don't care about it. we have seen it. people still don't change the buying habits yet. >> my point. >> you like the samsung. >> and i own google. it is the closest to creating its own ecosystem to the likeness of the apple. they are every place. they give you so many choices. you don't have the one stop shopping with the iphone. you get the phones and everything else that comes along with it. >> everything else? search is the biggest thing. self drive car. >> look at those legs. >> i have great legs. >> that was a few years before. >> now you can really lift the packages. >> it's a family show. >> i meant packages. >> it's a family show. put a ribbon on that. >>> jane wells joins us with a look at what is going on next. >> nice package, guy. we are going to talk poker, football and if people left their hearts in san francisco where did they leave their brains? we will find out after the break. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to pr
i mentioned the tax issues. >> the tax issues people have shown that they don't care about it. we have seen it. people still don't change the buying habits yet. >> my point. >> you like the samsung. >> and i own google. it is the closest to creating its own ecosystem to the likeness of the apple. they are every place. they give you so many choices. you don't have the one stop shopping with the iphone. you get the phones and everything else that comes along with it....
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Nov 26, 2012
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we have just heard from the city tax collector's of bureau of revenue. they are filing this legal action. they confirm the city is going to go after the los angeles dodgers for reimbursement in the treatment of bryan stow. the giants fan who was severely beaten outside of a dodgers game. to help pay for the four months of care it treated stow's injury. the city attorneys have asked a bankruptcy judge to add san francisco to those seeking damage from the team's insurer. this is a bankruptcy issue because the team filed chapter 11. this was a controversy. the city says this is not unusual, but standard practice to go after unpaid bills. it is taking all steps to protect the city's interests. stow and his family is suing the team frin the amount of $50 million. the amount needed for a lifetime of care. reporting live outside san francisco city hall, bob redell, nbc bay area news. >>> now to the south bay. citizens will have a say on who will be the next san jose police chief. city leaders will hold a community meeting tonight to gather input from neighborho
we have just heard from the city tax collector's of bureau of revenue. they are filing this legal action. they confirm the city is going to go after the los angeles dodgers for reimbursement in the treatment of bryan stow. the giants fan who was severely beaten outside of a dodgers game. to help pay for the four months of care it treated stow's injury. the city attorneys have asked a bankruptcy judge to add san francisco to those seeking damage from the team's insurer. this is a bankruptcy...
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Nov 27, 2012
11/12
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barring action by congress, americans will be forced through a series of automatic tax increases and spending cuts at the end of this year. it is what is known here as falling off the fiscal cliff. despite warnings, the global consequences -- and the global consequences of falling off that cliff, can washington he managed -- can washington manage it? thank you for joining me. the markets are looking in america and wondering whether politicians will be able to avoid this fiscal cliff. are things headed that way? but i think eventually they will. the good news -- >> i think eventually they will. the good news is that it is more like a fiscal beach. it is not like the debt ceiling. it is not a sudden that situation. there is a bit more flexibility. but one of the issues emerging is what the attitude of richer americans will be and whether they will accept the need to pay higher taxes. you probably read, as i did today, a very interesting op-ed by warren buffett, who points out that early in his career in the 1950's and 1960's when he was making a lot of money, the tax rate was many time
barring action by congress, americans will be forced through a series of automatic tax increases and spending cuts at the end of this year. it is what is known here as falling off the fiscal cliff. despite warnings, the global consequences -- and the global consequences of falling off that cliff, can washington he managed -- can washington manage it? thank you for joining me. the markets are looking in america and wondering whether politicians will be able to avoid this fiscal cliff. are things...
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Nov 28, 2012
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more revenue, more taxes here. what about entitlement changes? >> well, any time you start talking about tweaking these programs, there are groups in washington around the country that mobilize to try and stop cuts. the number two senate democrat, dick durbin, says he'd be open to look at entitlements, but not part of the fiscal cliff talks. here is the senate majority leader's view. >> at the meeting we had that i mentioned with president and the four leaders, president obama said that social security is not part of what is what we're going to do in this. i agree with him. and there are things that i personally believe there are things that we can do with entitlements that don't hurt beneficiaries. >> but if you have each side starting to take things off the table, it makes you wonder if at some point if gets harder to make a deal. shep. >> shepard: mike emmanuel on capitol hill. the white house and president obama will be making their case to regular americans this week. republican leaders say he should be negoti
more revenue, more taxes here. what about entitlement changes? >> well, any time you start talking about tweaking these programs, there are groups in washington around the country that mobilize to try and stop cuts. the number two senate democrat, dick durbin, says he'd be open to look at entitlements, but not part of the fiscal cliff talks. here is the senate majority leader's view. >> at the meeting we had that i mentioned with president and the four leaders, president obama said...
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Nov 26, 2012
11/12
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FBC
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let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in percentage. let's have a flat tax, lou. let's take the president at his word. if you make more you will pay more and this is the only way that that is going to happen. >> lou: you know i believe the speaker boehner, perhaps the president himself may have been talking to you, talking to steve forbes and others who talked about the possibility of reforming the entire tax code. that could -- >> this is a great time. you know, the kind of time... and, not only that, let's don't forget the last time that the senate had a budget, it was when harry reid worked with his friend, speaker pelosi and nobody in the 2008 budget complained that it wasn't spending enough money. let's go back to 2008. $2.5 trillion, and cuts off a trillion in spending, right there. >> lou: there are all sorts of ways to get there, as you suggest he
let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in percentage. let's have a flat tax, lou. let's take the president at his word. if you make more you will pay more and this is the only way that that is going to happen. >> lou: you know i believe the speaker boehner,...
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Nov 29, 2012
11/12
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CNBC
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we pay taxes overseas. we pay taxes here. we pay other forms of tax as well. i think that story hasn't been told. the fiscal terms that are in place here for our industry, for example, if punitive taxes were imposed on our industry, would impact our investment. i hope that's not where we're headed. i think there is a case to be made that we pay our fair share of taxes, and i work hard to try to communicate that. >> talk to us about an energy policy. what would you like to see in the election is behind us. what should a proper energy policy look like to do everything you're saying, create jobs and, in fact, take advantage of this opportunity that america has. >> i think the energy policy sometimes is made more difficult than it needs to be. to me, there are three things th that you need focus on. do you want affordable energy, do you want secure energy, and the environmental characteristics you want. we talk about those one at a time. we need to talk about those together. >> let me ask you a few questions about from the investment community. i guess the biggest
we pay taxes overseas. we pay taxes here. we pay other forms of tax as well. i think that story hasn't been told. the fiscal terms that are in place here for our industry, for example, if punitive taxes were imposed on our industry, would impact our investment. i hope that's not where we're headed. i think there is a case to be made that we pay our fair share of taxes, and i work hard to try to communicate that. >> talk to us about an energy policy. what would you like to see in the...
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Nov 23, 2012
11/12
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. that's her "huge savings" face. yeah. don't worry, i get it all the time. [ male announcer ] we guarantee our low prices. even our black friday prices are backed by ad match. the first and only place to go this black friday. walmart. ♪ you make me happy [ female announcer ] choose the same brand your mom trusted for you. children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. >>> an out of this world thanksgiving meal, turkey and all the fixings, served to the crew aboard the international space station. nasa says the dinner included such space worthy foods as irrateiated smoked turkey and thermostabiliz thermosta
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. that's her "huge savings" face. yeah. don't worry, i get it all the time. [ male...
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Nov 25, 2012
11/12
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CSPAN2
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john boehner is trying to work a deal with the president to do tax reform and entitlement reform and his deputy, the majority leader, calls people like paul ryan, who is now running for vice president. .. >> if you keep doing this, you are going to risk your speakership. the president said when i talked to him, interestingly enough, he said in fixing -- he realizes the magnitude of all of this, as does speaker boehner, key democrats, key republicans realize what it is. and the president literally said to me, i would willingly lose an election if i could solve these problems. it is that serious. tim geithner, the treasury secretary, in the book is quoted thousands of words telling the president, you have got to do something about this problem. we have to fix it. you literally, it's not that we're going to close down the government, we will close down the american economy and, in turn, the global economy. if they do not solve the issue of this runaway spending, get some way to stop borrowing in excess, he tells the president of the united states if we default on this, on our obligation
john boehner is trying to work a deal with the president to do tax reform and entitlement reform and his deputy, the majority leader, calls people like paul ryan, who is now running for vice president. .. >> if you keep doing this, you are going to risk your speakership. the president said when i talked to him, interestingly enough, he said in fixing -- he realizes the magnitude of all of this, as does speaker boehner, key democrats, key republicans realize what it is. and the president...
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Nov 22, 2012
11/12
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CNNW
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it's with a wealth tax of 1.5%. to me the most important issue is to deal with the wealth inequality in this country which is it much more severe than the income inequality in this country. it's getting worse. it's been getting worse for the last 20 years. and the only countries in the world that have let's say more than $10 million people in them where it's cloe close to how bad it is in this country are all in africa and latin america. >> so we're not necessarily talking about someone who works really hard, an entrepreneur works really hard. you're talking about the people who initially are going to get, teresa heinz kerry, warren buffett, people who have massive amounts of money. they're hit the hardest, right? >> absolutely. the proposal i wrote had an exemption for households up to $500,000 in wealth that, is exempting 80% of american households right there. >> how did you draw that line? i can imagine there is all kinds of cheating that is going to happen around that line. or even on the bentley. people are go
it's with a wealth tax of 1.5%. to me the most important issue is to deal with the wealth inequality in this country which is it much more severe than the income inequality in this country. it's getting worse. it's been getting worse for the last 20 years. and the only countries in the world that have let's say more than $10 million people in them where it's cloe close to how bad it is in this country are all in africa and latin america. >> so we're not necessarily talking about someone...
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Nov 21, 2012
11/12
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th. so now is the best time to review your options and enroll in a plan. medicare has two main parts, parts a and b, to help cover a lot of your expenses, like hospital care... and doctor visits. but they still won't cover all of your costs. now's the time to learn about unitedhealthcare plans that may be right for you. are you looking for something nice and easy? like a single plan that combines medicare parts
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. then you may be looking for help in choosing the right plan for your needs. so don't wait....
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Nov 28, 2012
11/12
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CNNW
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tax cuts. fiscal cliffs. >> that's 5-month-old mace john jackson and tax hikes and now the president and dan lothian from the white house, how is the president handling this? he's probably not doing as much laughing. >> reporter: what you saw today is the president bringing in americans. he says they will be impacted if the middle class tax cuts are not extending. they sent a message out there to republicans saying that they need to come on board and support this effort. republicans pushing back thinking that they don't think the upper income americans should see their taxes go up. what the president said to those who were here and those watching, put pressure on their lawmakers to support pushing out the bush era tax cuts for just middle class americans, not just through this effort but to text, to call, to send a fax, even twitter and the white house coming up with y2k referring to the amount of average middle class families would see their taxes go up by the white house says, $2200. so the p
tax cuts. fiscal cliffs. >> that's 5-month-old mace john jackson and tax hikes and now the president and dan lothian from the white house, how is the president handling this? he's probably not doing as much laughing. >> reporter: what you saw today is the president bringing in americans. he says they will be impacted if the middle class tax cuts are not extending. they sent a message out there to republicans saying that they need to come on board and support this effort. republicans...
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Nov 29, 2012
11/12
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MSNBCW
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. >> read my lips, no new taxes. and when he violated that pledge -- >> off with his head! ♪ >>> we begin with a very busy day in washington and an array of meetings that would put your average speed dating event to shame. as we know, politics sometimes makes strange bedfellows. in this case one unusual lunch day. this afternoon the president hosted his vanquished rival, mitt romney. no word yet on if mr. romney found the cookies up to his rig rouse standards or how many white house beers the president decided to drink. we're also holding out hope that a savvy waiter or waitress caught at least 47% of the lunch on cell phone video. while in washington romney also met with his former running mate, the marathoner paul ryan, and offered a few kind words about him to the press. >> mr. romney, how was your meeting with mr. ryan today? was it nice to see him? >> that's a greet friend. good to be with him. >> good to be with him? >> always great to see paul ryan. >> while today's lunch was perhaps an opportunity to shake after a hard fought campaign, not everybody was feeling so
. >> read my lips, no new taxes. and when he violated that pledge -- >> off with his head! ♪ >>> we begin with a very busy day in washington and an array of meetings that would put your average speed dating event to shame. as we know, politics sometimes makes strange bedfellows. in this case one unusual lunch day. this afternoon the president hosted his vanquished rival, mitt romney. no word yet on if mr. romney found the cookies up to his rig rouse standards or how many...
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Nov 27, 2012
11/12
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FOXNEWSW
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they want all tax hikes. and then you have jim messina coming out and saying that we have only one way to do it together. and then there are youtube videos are trying to convince folks that we need higher taxes. this is one from a guy named ron. >> and i think that it begins with this. everybody needs to put in their fair share. if your privilege, it seems that you have benefited from this country. and you a little bit more and you need to pay a little bit more back. >> i think that leadership in this case means putting everything on the table as the simpson-bowles framework dead. basically every issue needs to be be taken care of. if we get into sequester and we have spending and defense, we will hurt our country and drive us into recession. both sides have said enough to suggest to me that a deal can be done. the president has to go behind closed doors with nancy pelosi and susan rice and all those people to make it right. megyn: he was known for reaching across the aisle. he was a people person. he was a f
they want all tax hikes. and then you have jim messina coming out and saying that we have only one way to do it together. and then there are youtube videos are trying to convince folks that we need higher taxes. this is one from a guy named ron. >> and i think that it begins with this. everybody needs to put in their fair share. if your privilege, it seems that you have benefited from this country. and you a little bit more and you need to pay a little bit more back. >> i think that...